Braden John Karony, former CEO of SafeMoon, has been convicted on charges of conspiracy to commit securities fraud, wire fraud, and money laundering. The conviction, delivered on May […]
Ex-SafeMoon CEO Sentenced to 45 Years in Crypto Fraud Case
Former SafeMoon CEO, Braden Karony, has been sentenced to 45 years in prison for defrauding investors and misusing stolen funds. A New York federal jury found him guilty […]
SEC Charges Unicoin Executives in $100 Million Fraud Case
The U.S. Securities and Exchange Commission filed charges against Unicoin and its executives for allegedly defrauding investors of over $100 million. The complaint was announced on May 21, […]
Pi Network: $8 Billion Fraud Allegation Rocks Crypto Project
The cryptocurrency world has long faced scrutiny, with the Pi Network facing serious accusations of fraud. A recent allegation points to a potential multi-billion dollar scam linked to […]
SEC Prioritizes Cryptocurrency Fraud Under New Leadership
The Securities and Exchange Commission (SEC) has made cryptocurrency fraud a top priority under its new leadership, driven by a significant increase in investor losses. Acting Inspector General […]
Shanghai Police Dismantle Crypto Wallet Fraud Scheme
A major crackdown by Shanghai authorities has dismantled a complex cryptocurrency fraud scheme, targeting overseas scammers with an elaborate ‘labor recruitment’ tactic. The operation led by individuals Miao […]
Bitcoin Scam Risks Climb Amidst Regulatory Warnings
U.S. regulators issue alerts regarding an increase in Bitcoin scams, emphasizing the need for heightened consumer awareness. They warn about tactics used by scammers impersonating legitimate professionals to […]
Solana’s Rising Popularity Attracts Meme Coin Scams: 98% of Tokens on Pump.fun Were Rug Pulls
A new report by Solidus Labs reveals a concerning trend on the Solana blockchain. The firm found that 98.6% of tokens launched on Pump.fun, a platform based in […]
Ex-Celsius CEO Alex Mashinsky Receives 12-Year Prison Sentence for Fraud
Alex Mashinsky, former CEO of Celsius Network, has been sentenced to 12 years in prison for orchestrating a fraudulent scheme that targeted investors and manipulated the cryptocurrency market. […]
FTC Sues IYOVIA Over Alleged $1.2 Billion Cryptocurrency Fraud
The Federal Trade Commission (FTC) has filed a lawsuit against IYOVIA, accusing the company of orchestrating a significant cryptocurrency fraud scheme that may have defrauded investors out of […]
UK Court Orders Closure of BTCMining Amidst Fraud Allegations
The UK-based cryptocurrency mining platform, BTCMining, has been ordered to cease operations by the court after facing allegations of international fraud. The company, which provided ‘cloud mining’ services […]
Celsius Founder Faces Potential 20-Year Prison Sentence in Major Fraud Case
Alex Mashinsky, the founder of collapsed crypto lender Celsius Network, faces a potential 20-year prison sentence for orchestrating a massive fraud scheme that left thousands of customers with […]
Alex Mashinsky Faces Sentencing for Crypto Fraud, Scheduled for May 8
Former Celsius CEO Alex Mashinsky’s sentencing date has been confirmed as May 8th. He pleaded guilty to charges of commodities fraud and price manipulation related to Celsius’s native […]
Joint Operation Dismants $4.3M Ethereum Phishing Scam, Highlights Growing Crypto Fraud Challenges
A coordinated effort between the U.S. Secret Service and Canadian law enforcement agencies resulted in the takedown of a major Ethereum phishing scam. The operation, dubbed ‘Operation Avalanche’, […]
Hacked Official X Account Promotes Fake Cryptocurrency
British Cabinet Minister Lucy Powell’s official X (formerly Twitter) account was recently hacked to promote a fraudulent cryptocurrency called ‘House of Commons Coin’ ($HCC). The posts falsely portrayed […]